Skip to main content

Oakland Works On Lott Raiders Stadium Term Sheet, A's Meeting Today

Oakland Works On Lott Raiders Stadium Term Sheet, A's Meeting Today - Video

Oakland Works On Lott – Raiders NFL Stadium Term Sheet, Meets With A's Today Oakland officials have been at work altering and fine-tuning various aspects of the much reported on term sheet between Oakland City Pro Football Group, also called “The Lott Group” on the street, and Fortress Investments and The City of Oakland, The County of Alameda, The Oakland Raiders and the National Football League. Much of the adjustments are with respect to comments made by the NFL's stadium point person Eric Grumman on the term sheet. This is not to say that I have specific knowledge of a recent meeting between the Raiders or the NFL's stadium point person Eric Grubman and Lott, The City of Oakland, The County of Alameda, and the Oakland Raiders, but I can report that meetings on the term sheet have taken place between Lott's Group and Oakland Officials, and more are scheduled. Also, Oakland Officials are to meet with the Oakland Athletics officials today and regarding not just efforts to build a new stadium in Oakland, but also melding the A's into the Ronnie Lott / Raiders stadium effort. This is very important, as Mr. Grubman remarked that one of the issues of concern he had was with what the Oakland A's were going to do and their support of the Lott plan. Since then, Oakland A's President Dave Kaval has expressed support; this meeting is to work out details. And then there's the Goldman Sachs issue. I can also report, after talking with a source today, that the City of Oakland and The County of Alameda, which have a ban against doing business with the investment banking firm Goldman Sachs, continue to be concerned that Mr. Grubman was not only once a partner in Goldman Sachs, but was enriched by the Goldman Sachs IPO that took place just before the turn of the 20th Century, and that the majority of new NFL stadium financings since 2007 have been done by Goldman Sachs. The overall picture is a bad one that Oakland officials would like to see straightened out. Goldman Sachs has been heavily involved in the financial planning for the Las Vegas NFL Stadium – is the NFL intent on steering business away from Oakland and to Las Vegas to give Goldman what would be the largest financing fee in sports history due to the $750 million subsidy approved by the Nevada Legislature? Is this right? Many Las Vegas Residents Say They Can't Afford Raiders Tickets As I write this, I'm in Las Vegas for the Consumer Electronics Show, CES 2017, and for the 8th straight year as a credentialed blogger (subscribe to Zennie62 on YouTube, and follow Zennie62 on Twitter and bookmark Zennie62blog.com). I've talked to a lot of Las Vegas residents about the Raiders issue, and several ideas come up consistently: first, they can't afford to go to the games; second, they're excited about the possibility but think Oakland's going to pull out with a win; third, many of them are fans of other NFL teams, but would try and go to at least one of the games if the Raiders were here. I will add that there's another problem and that's with hotel price gouging. The Las Vegas stadium planners insists that tourism will drive NFL ticket sales here. But the problem is one experienced by CES media people for CES 2017: hotels have jacked prices up wildly, and so many have stayed home, period. One PR person, Karen Thomas, wrote on Facebook that “about half” of the media didn't come this year. Considering that a price for a hotel room that normally goes for about $30 a night was increased to $400 a night, and you see why. Now, add 60,000 people for an NFL game – that's basically another convention of about 20,000 to 30,000 who would have to come from out of town. But the hotel price gouging factor has to be taken into calculations, and it has not been at all. If half of the NFL fans who would fly in for a game elect to not come because of hotel prices, that completely wrecks the stadium financing plan. Casinos and hotels may buy up tickets, but if they go unsold, then that effort's going to stop. And then the financing plan would fail. That's a very real possibility here that calls the entire approach into question. But , as I say, Las Vegas is not ready to host the Oakland Raiders or any NFL team, yet. Stay tuned.
via IFTTT
https://youtu.be/qUfJVSCBOWQ

Comments

Popular posts from this blog

Alex Castro, Electronic Arts VP, Is Oakland’s “Fake Joe Tuman”, “Crocker Mom”

Alex Castro, is currently Vice President Of Product Management At Electronic Arts, and a fairly-well-known and legendary tech executive, regularly quoted in a number of industry publications. But Alex Castro’s also an Oakland resident who has the terrible habit of going online, making traceble email accounts from his Electronic Arts office, and posing as someone […] from WordPress http://ift.tt/1fVkWP9 via IFTTT

Event: Jog For Jill San Francisco Run September 12th Golden Gate Park

Cal Women's Rowing Team member Jill Costello passed away from complications due to lung cancer on June 24th 2010 and at the age of 21. A San Francisco event and run called Jog For Jill has been established and will be held this Sunday, September 12th at 5 PM. Two members of the Cal Women's Crew team were at the Cal vs. Davis football game wearing Jog For Jill shirts, and were kind enough to provide the video interview above. Below are the other details from the event website, where you're encouraged to pre-register here CLICK FOR SITE : Pre-Registration: Online/$25 Day of Registration: 4:00 p.m./$30 Shotgun Start: 5:00 p.m. After run/walk celebration: 6:00 p.m.- 8:30 p.m. Event Location: Golden Gate Park Music Concourse Bandshell S Tea Garden Drive San Francisco, California 94118 Participants are encouraged to pre-register. Only pre-registered participants will be guaranteed a walk/run T-shirt. T-shirts will be limited to the first 2500 day of regis

Oakland Mayor's Race: LWV Forum Draws Oakland's Older Folks

Oakland Mayor's Race Forum first take. (Which means, there's going to be more of these posts on last night, because a lot was happening.) This just in: The Oakland Tribune's out of touch with Oakland. A number of attendees of the 450 estimated said they learned of the Oakland League Of Women Voters via "the newspaper." All of the people who made that statement were over 50 years old. Still, the forum, which attracted every candidate except Dr. Terrance Candell, was a success. The auditorium at 300 Lakeside Drive seats 380 people, so if you do the math, it was about 70 over capacity. The crowd was a happy mix of supporters of candidates and long-time observers of the Oakland political scene. The one complaint they had was there wasn't enough time to hear what the candidates were about. That wasn't because there were too many candidates, but due to the format. Either Oakland Tribune Editor Martin Reynolds or the League of Women Voter